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U.S. extends ZTE reprieve on exports curbs until February 27

The ZTE company logo is seen as a guest delivers a speech during the company's 15th anniversary celebration in Beijing April 18, 2013. REUTERS/Barry Huang
(Copyright Reuters 2016)

HONG KONG – Chinese telecoms equipment group ZTE Corp <000063.SZ><0763.HK> said on Friday it has won a further reprieve to Feb. 27 on tough export restrictions that were imposed on the company by the U.S. government.

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In March, the U.S. Commerce Department hit the company with some of the toughest-ever U.S. export restrictions for allegedly breaking sanctions against Iran but has since issued temporary reprieves on the curbs.

ZTE will continue to cooperate with the relevant U.S. government departments to reach a final solution on the matter and strictly comply with relevant U.S. laws, the company said in a filing to the Hong Kong bourse. (http://bit.ly/2g16Umh)